(HedgeCo.Net) Jurors in Boston federal court have returned a verdict finding that Lexington, Massachusetts restauranteur Charlie Chen engaged in illegal insider trading in advance of five earnings announcements of Lexington-based company Vistaprint, N.V. The SEC’s evidence at trial showed that […]

(HedgeCo.Net) Bill Tsai, then a junior analyst in the New York office of a large international investment bank, learned through his work for the bank that Siris Capital Group was planning to acquire Electronics for Imaging, Inc. (EFII). Soon after […]

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against a Texas company and its principal for unlawfully selling unregistered securities in connection with the previously charged Madison Timber Properties, LLC Ponzi scheme. The SEC’s complaint, filed in federal court […]

(HedgeCo.Net) The Securities and Exchange Commission charged a Pennsylvania man with defrauding Amish and Mennonite community members by making false claims about the use of their funds and guaranteed returns. According to the SEC’s complaint, Philip E. Riehl provided accounting […]

(HedgeCo.Net) Five federal financial regulatory agencies on Thursday invited public comment on a proposal to modify regulations implementing the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds – known as “covered […]

(HedgeCo.Net) The Securities and Exchange Commission has charged Edward E. Matthes, a former Wisconsin-based registered representative and investment adviser, with defrauding 26 of his mostly elderly retail brokerage customers and investment advisory clients out of approximately $2.4 million. Matthes has […]

(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Catalyst Capital Advisors LLC, of Huntington, New York, and its CEO, Jerry Szilagyi, for materially misleading statements made by Catalyst and one of its […]

(HedgeCo.Net) A New York-based investment adviser has been charged for misleading investors about the management of risk in a mutual fund. Catalyst Capital Advisors LLC (CCA) and its President and Chief Executive Officer, Jerry Szilagyi, agreed to pay a combined […]

(HedgeCo.Net) A California-based couple has been charged with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits. According to the SEC’s complaint, Jeffrey and Paulette Carpoff raised approximately $910 million from 17 investors between 2011 and 2018 by […]

(HedgeCo.Net) The Securities and Exchange Commission today announced that it has obtained a court order authorizing the distribution of over $63 million to investors in connection with a previously filed action. This amount represents the full return of funds to […]

(HedgeCo.Net) The Commodity Futures Trading Commission has settled charges against Propex Derivatives Pty Ltd, a proprietary trading firm headquartered in Australia, for spoofing in the Chicago Mercantile Exchange E-mini S&P 500 futures market. The order finds that Propex, through a […]

(HedgeCo.Net) The Securities and Exchange Commission has charged Guy S. Griffithe and Robert W. Russell, and three companies they controlled, for an alleged scheme that defrauded investors who thought they were purchasing interests in a Washington-licensed recreational cannabis company out […]